We are a family that strongly believes in trying to do as much as we can without incurring debt. I wrote about this before, in Better Than I Deserve, which remains one of my most popular posts to this day. Our original plans with the new house were to build as we go with cash, but unfortunately, even the best laid plans go awry. Thankfully, however, we have been able to continue on our journey to being debt free in other areas. Today I was able to finally pay off the last student loan I incurred getting my BA. Also today, we are paying off the last of the extraneous debt we incurred during this house build (finishing materials on credit and a small loan to finish the plumbing). After today, we will be for all intents and purposes debt free.
The mortgage is still there, but seeing as I’m not even 30 yet, I think we’re still pretty far ahead of the curve. The mortgage will be gone in time.
This is a good day.
🙂
4 comments
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March 12, 2014 at 2:47 pm
Carla
This is wonderful news! Great work! We are on our way as well. Hopefully, the end of summer this year – only will have mortgage. woohoo!
March 12, 2014 at 7:27 pm
atheisthomesteader
Double woohoo!
March 13, 2014 at 9:38 pm
sherrydaida
Being debt free aside from our mortgage is such a good feeling. It took us 4 years to pay off everything and 3 years to save up for a good size down payment. It was not easy but when we set out minds to it we did what we had to and it feels great. Good job sis and bro 🙂
March 16, 2014 at 4:01 pm
Marie
We’re working on paying off our debts, but I rarely ever consider our mortgage part of that debt. I know, technically speaking, while we continue to make payments it’s still a debt owed. But you have to live somewhere, and if we weren’t paying a mortgage we’d be renting and owing a payment indefinitely!
Congrats on being free of those debts!